* Occupied as a Thai restaurant for over 10 years* Present tenant in 2nd lease term* Current 5 year term expires 31 October 2020* Property comprises 5 titles* Building designed for a 2nd storey * Approx. yield of 7.28%

Sometimes opportunities stare you in the face and then inaction brings regret. We are talking those 'good buys' which must meet basic criteria. In respect of No's 13-15 Baker Street the Agents believe it is one of those rare opportunities in the form of a highly credentialed commercial/retail holding which passes all the tests. It has high street exposure in a busy central C.B.D precinct destined for growth, pending two new redevelopments planned nearby. It is a modern brick/concrete building with separate air con and electric meterage plus on-site parking for its two tenancies. One of these ...

* Renewed 3 year lease to June 2018 plus options to 2024* Westpac Limited: 3rd largest ASX listed company with a market cap of $101 billion (September 2015)* Fixed annual 3.5% increases* Lessee pays all usual outgoings including Land Tax* High profile, well maintained 460m2 building over two levels* Strategic 909m2 Commercial 1 Zone site with 15m frontage to high traffic Murphy Street* Single tenanted minimum management investment* Wangaratta: 230km north-east of Melbourne with a trade population of 95,645* Rent $104,800 pa